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    2 Replies Latest reply on Apr 6, 2009 11:39 AM by chuff1026

    New C-Corp Web Development Company Seeks Loan

    forestcall Newbie
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      Hi all :-)

      We are a new Nevada C-Corp and only started in June 08-

      We are a web development company made up of successful developers. We joined
      forces nearly a year ago and began making good money so we created a

      We are split into two divisions.

      Division One: Contract development for web apps, web sites, consulting, etc.

      Division Two: Residual Income Subscription based services. Our first service is and at only 7 months old we have 5700+ paid members. We have
      more than 10 new projects that fit a tight criteria for a subscription based
      service. Very conservatively We expect 20,000 monthly members paying $10 per
      month by 2010 with only 10% total overhead expenses.


      We want to establish the best route to building this
      companies credit. We realize it will take 6 months of banking before we can
      potential see the ability to obtain a loan.


      One other possible way is to get a Co-Signer and then try
      and obtain a $100k - $500k credit line. This would be better than having an
      investor take a large percentage of the company. Instead we can issue 10% ownership
      or something fair for all parties.


      Does anyone have any advice on how to obtain credit?